Technical Analysis & Forecast January 10, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/TA_10-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="Technical Analysis &amp; Forecast" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/energies/brent/" data-internallinksmanager029f6b8e52c="312" title="Brent">Brent</a> Consolidates Before Potential Growth. This overview also examines the dynamics of <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR</a>, <a href="https://roboforex.com/beginners/info/charts/forex/gbpusd/" data-internallinksmanager029f6b8e52c="36" title="GBP/USD">GBP</a>, <a href="https://roboforex.com/beginners/info/charts/forex/usdjpy/" data-internallinksmanager029f6b8e52c="40" title="USD/JPY">JPY</a>, <a href="https://roboforex.com/beginners/info/charts/forex/usdchf/" data-internallinksmanager029f6b8e52c="39" title="USD/CHF">CHF</a>, <a href="https://roboforex.com/beginners/info/charts/forex/audusd/" data-internallinksmanager029f6b8e52c="33" title="AUD/USD">AUD</a>, <a href="https://roboforex.com/beginners/info/charts/metals/xauusd/" data-internallinksmanager029f6b8e52c="43" title="XAU/USD">Gold</a>, and the S&amp;P 500 index.</p>

<h2>EUR/USD (Euro vs US Dollar)</h2>

<figure><img decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-1.png" alt="EUR/USD (Euro vs US Dollar)" class="wp-image-19767" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/EURUSDH1-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>EUR/USD (Euro vs US Dollar)</figcaption></figure><p>EUR/USD is in a consolidation phase around 1.0944, lacking a clear trend. A breakout above the range could trigger a correction to 1.1010. Conversely, a downward breakout may open the door to a decline wave to 1.0733, representing the initial target.</p>

<h2>GBP/USD (Great Britain Pound vs US Dollar)</h2>

<figure><img decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-1.png" alt="GBP/USD (Great Britain Pound vs US Dollar)" class="wp-image-19765" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/GBPUSDH1-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>GBP/USD (Great Britain Pound vs US Dollar)</figcaption></figure><p>GBP/USD continues to consolidate around 1.2727 without a distinct trend. A decline to 1.2685 is anticipated, followed by a potential extension of the range to 1.2777, after which a decline wave to 1.2500 might initiate.</p>

<h2>USD/JPY (US Dollar vs Japanese Yen)</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-1.png" alt="USD/JPY (US Dollar vs Japanese Yen)" class="wp-image-19764" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDJPYH1-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/JPY (US Dollar vs Japanese Yen)</figcaption></figure><p>USD/JPY completed a growth wave to 144.94. A correction to 143.95 is expected, and upon completion, a new growth wave to 146.44 might ensue, representing the first target.</p>

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<h2>USD/CHF (US Dollar vs Swiss Franc)</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH1-1.png" alt="USD/CHF (US Dollar vs Swiss Franc)" class="wp-image-19763" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH1-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH1-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH1-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/USDCHFH1-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>USD/CHF (US Dollar vs Swiss Franc)</figcaption></figure><p>USD/CHF is consolidating below 0.8527. An upward breakout may lead to a growth potential of 0.8598 (first target), followed by an anticipated correction to 0.8464.</p>

<h2>AUD/USD (Australian Dollar vs US Dollar)</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-1.png" alt="AUD/USD (Australian Dollar vs US Dollar)" class="wp-image-19762" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/AUDUSDH1-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>AUD/USD (Australian Dollar vs US Dollar)</figcaption></figure><p>AUD/USD is consolidating around 0.6705 without a clear trend. A decline to 0.6666 is expected, followed by a corrective wave to 0.6767, and subsequently, a decline to 0.6600.</p>

<h2>BRENT</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-1.png" alt="BRENT" class="wp-image-19761" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/BRENTH4-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>BRENT</figcaption></figure><p>Brent is in a consolidation range around 77.55 without a pronounced trend. An upward breakout may indicate a potential growth wave to 83.15, extending further to 91.50. Conversely, a downward breakout might lead to a correction to 70.00, followed by a projected growth wave to 95.00.</p>

<h2>XAU/USD (Gold vs US Dollar)</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-1.png" alt="XAU/USD (Gold vs US Dollar)" class="wp-image-19766" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-1.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-1-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-1-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/XAUUSDH4-1-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>XAU/USD (Gold vs US Dollar)</figcaption></figure><p>Gold is in a declining wave to 2014.80. After reaching this level, a new growth wave to 2131.78 might commence, followed by a corrective decline to 2051.55. Another growth wave to 2155.00 is anticipated.</p>

<h2>S&amp;P 500</h2>

<figure><img loading="lazy" decoding="async" width="1596" height="716" src="https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashM30.png" alt="S&amp;P 500" class="wp-image-19760" srcset="https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashM30.png 1596w, https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashM30-360×162.png 360w, https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashM30-768×345.png 768w, https://blog.roboforex.com/wp-content/uploads/2024/01/US500CashM30-1536×689.png 1536w" sizes="(max-width: 1596px) 100vw, 1596px" /><figcaption>S&amp;P 500</figcaption></figure><p>The stock index is in a consolidation range around 4725.5. A growth move to 4770.5 is anticipated, followed by a correction to 4725.0. Once this correction concludes, a new growth structure to 4787.0 may unfold.</p>

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